FTX

Highlights: Caroline Ellison will transfer nearly all her assets to FTX’s bankruptcy estate in a settlement deal. Ellison agrees to cooperate fully with FTX investigations, aiding in the recovery of assets for creditors. The settlement avoids costly litigation, offering a […]

Highlights: Judge Dorsey approved FTX’s bankruptcy reorganization plan in the October 7 hearing. 98% of creditors will receive approximately 119% of claims in cash. Critics argue against cash distributions, favoring in-kind cryptocurrency payouts instead. In an Oct. 7 hearing in […]

Highlights: FTX Token surges as speculation grows over creditor repayments, driving significant market activity. Rumors of imminent repayments fueled trading activity, leading to increased volatility in FTT’s price. Creditors criticize proposed 10-25% asset returns based on old valuations, expressing frustration […]

Highlights: Bitcoin is experiencing a bullish trend, with potential for all-time highs in Q4 2024. Market catalysts, including liquidity from FTX, may drive significant activity in Bitcoin. Key levels to watch include the previous cycle high and the 21-week moving […]

Highlights: Sam Bankman-Fried appeals his fraud conviction and 25-year sentence, citing bias. His team argues procedural errors and unfair trial handling by Judge Kaplan. The appeal challenges FTX’s financial narrative and seeks a new trial for SBF. Sam Bankman-Fried (SBF), […]

Highlights: Ryan Salame returns to court as Judge Kaplan probes the plea deal that led to his 7.5-year sentence. Salame’s legal team disputes the validity of his guilty plea, citing pressure tactics related to Michelle Bond. Prosecutors maintain no deal […]

Highlights: FTX’s recent unstaking of 177,693 SOL tokens during bankruptcy proceedings raises concerns about possible future sales. Alameda Research transferred significant holdings of Worldcoin and AAVE to Binance and Coinbase. Solana remains strong despite past turmoil, while Worldcoin and Aave […]

Highlights: FTX and Emergent’s $14M settlement expedites recovery and bankruptcy resolution. DOJ’s seizure and Robinhood’s repurchase clarify Robinhood share ownership. Settlement aids FTX’s strategy to maximize creditor returns and asset recovery. Bankrupt cryptocurrency exchange FTX has reached an agreement with […]

Highlights: FTX’s crypto repayments to victims have drawn US SEC scrutiny. Coinbase CLO Paul Grewal criticizes SEC for creating regulatory uncertainty. SEC also objects to FTX’s plan to protect debtors from future legal actions. In the most recent filing, the […]

Highlights: Ryan Salame drops plea withdrawal petition, allowing Michelle Bond to address similar issues in her upcoming legal case. Salame initially claimed his guilty plea was influenced by promises to drop investigations into his partner, Michelle Bond. With Bond now […]

Highlights: Michelle Bond faces charges for using FTX funds to finance her 2022 congressional campaign illegally. Bond’s partner and former FTX executive Ryan Salame will begin serving a 7.5-year prison sentence in October. The FTX collapse continues to influence campaign […]

Highlights: FTX and Alameda were ordered to pay $12.7 billion to creditors, ending a 20-month CFTC lawsuit. The settlement includes $8.7 billion in restitution and $4 billion in disgorgement, with no civil penalties. The approved reorganization plan offers a 118% […]